Share Option Grants

RNS Number : 4359J

Portmeirion Group PLC

30 March 2010

 

Portmeirion Group PLC

('Portmeirion' or the 'Company')

Share Option Grants

The Company announces that on 29^th March 2010, it granted options to Directors and employees over a total of 195,000 Ordinary shares of 5 pence each.  The following Directors of the Company were granted options as detailed below:

	Number of Options granted at an Exercise Price of £3.745	Exercise Period
Lawrence Bryan	70,000	30.03.2013 - 28.03.2020
Brett Phillips	45,000	30.03.2013 - 28.03.2020

The options are subject to the achievement of performance criteria as determined by the Remuneration Committee, and as required under the rules of the Company's Share Option Scheme.  The options granted on the 29^th March 2010 are normally only exercisable if the average of the pre-tax, pre-exceptional earnings per share of the Group for each of the three years ending 31^st December 2010, 31^st December 2011 and 31^st December 2012 exceed 44.71p being 113% of the pre-tax, pre-exceptional earnings per share figure for the year ended 31^st December 2009.

Enquiries:

Portmeirion Group PLC:
Dick Steele Non-executive Chairman	01782 744721	[e-mail]
Brett Phillips Group Finance Director	01782 744721	[e-mail]
Pelham Bell Pottinger:
Kate Catchpole	020 7337 1512	[e-mail]
Seymour Pierce Limited (Nomad):
Chris Howard	020 7107 8336	[e-mail]

 

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